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Home My WebLink About2180 ~ (ur imur:tn:e Ihereun. 'I~hr anwunt u! ~uch ~a~e,. a„r~vnrnt. anJ prriniunu. Hhrn unF,nuHn. .h.~ll hr r.tini~~rJ b~ ~ Mungakte. Surh deEw~it> >hall hr weJ b~ Munbager tu pa} ~urh ia~e,. ~~.r.~mrnt, anJ prrnuunu whrn Jur An~ in ~ufl~cienr~ uf ~urh arcuun~ tu p;~~ wrh rharKc~ when ~ur ~h~ll hr naiJ h~ ~1urt~;agur t~? ~1un~;,?~rr :,n ~rnianJ I~. h~ rra~un uf any def~ult by MurtgaKc~r under ~ny provi~iun uf th~, h1urt~;~ge, Murtg:~gre ~rrlarr, ~II .um„rrurrJ hrrrb~ tu t~e due ~nJ pa~a5le. Mongngee may then apply any funJs ~n ~:~iJ ~~•n+unt ~~;~in,t the entirr inJeM~.lnr„ .rrurrJ hereby. T6~e enforceability of the covenants relating to taxes, assessments and insurance premwms herein otherwi~e ` provided tihall not be affected except insofar as thuse obligations have been met by compl~ance with ~hi~ parag~~ph ~ Filongagee may from hme to time at rts option waive, and after any such waiver reinstate, any or all provis~i>nti hereuf ~ reywnng wch deEx»it~, by nu~ice Io Mungagur in writinb. While any such w~iver i~ in effect, Morlgagur tihall pa~ taxe., asse~sment~ and insuranre premiums as here~n elsewhere pruvided. ~ 4_ T~? prumptly p:~y all taxe+ and as5essment~ a~se~sed ur levied under anJ by virtue of ~ny ~~ate, fe.ieral, ur ~ munir~pa! law or regulatiun hereaRer passed, against Mortgabee upon t~;s Mortgage ~x the debt hereby ~ecured, or up- un it~ ~ntere~t under this Murtgage, pruvided however, that the total amnunt so paid fur any ~urh taxes pur,u:~nt tu thu ~ paragraph together with the interest payable on said indebtedness shall not exceeJ the highest lawful ra~r of intere+t in Flond:~ and prov~ded funher that in the event of the pas~age of any such law ur regulatiun im~»ing a ~ax ur 3..e~~ment againtit Mongagee upon this Mongage or the debt secured hereby, tha~ the entire indebtedness.ecured by this !~1ongage ~hall thereuFxm txcome immediately due and payable at the option of Mortgagee. S To keep the Mortgaged Property insured against loss or damage by fire, and all penls insured again~t by an ~ r~tenJeJ cu~erbe endorsement, and ~uch other risks and perils as Mortgagee in it~ discretiun may reyuire. The ~iliry ~?r policicti uf such ~nsurance shall be in the form in genera! use from time to time in the locality in which the Mortgaged Proprrty is,ituated. ~hall be in such amount as Mortgagee may resonably require, shall be iswed by acompany urcom- panies approved by hSortgagee, and shall contain a standard mortgagee clause with loss payable ro Mortgagee. Whene- .er reyuired by Mortgagee, such policies, ~hall be delivered immedi~tely to and heW by Murtgagee. Any and all amounts received by Mortgagee under any of such policies may be applied by Mortgagee on the indebtedness secured herehy in wrh manr~er as Mongagee may, in its sole discretion, elect ur, at the option of Mortgagee, the entire amount so rece~ved or any part thereof may be released. Neither the application nor the release of any such amounts shall cure or waivr any default. Upon exercise of the power of sale given in this Mongage or other arqui~ition of the Mortgaged Property or any part thereof by I~1ongagee, such policies shall become the absolute propeny of Mortgagee. l~ To fint obtain the written consent of Mortgagee, su.h consent to t~e grante~! or withheld at the sole diticre- t~on uf Mortgagee, before (a) removing or demolishing any buifding now or hereafter erected on the premises, (b) alter- ing the arrangement, design or ~tructural character thereof, (c) making any repairs which imol~~e the rernoval of ~wctu- ral parts or the exposure of the interior of such buitding to the elements, (d) cutting or removing or permitting the cutting and removal of any trees or timber on the Mortgaged Propeny. (e) removing or exrhanging any tangible personal prup erty which is part of the Mortgaged Property, or (fl entering into or modifying any leaties of the Mongaged Property. 1 7 T« ma~ntain the A1ortgaged Property in g«~ei r~~ndition and repair, irn luding hut not limited to the making of such repairs as Mortgagee may from time to time determine to be necessary for the preservation of the Mongaged ' Property and to not commit or permit any waste thereof, and Mortgag°e shall ha~•e the nght to inspect the Mortgaged Property on reasonable notice to Mortgagor. i 8. To comply with all laws, ordinanceti, regulatiems, coven~nts, candiuum and re~tnrui~ro afiecting the ~ Mortgaged Property, and not ro cause or permit any violation thereuf ~ ~ 9. If Murtgagor fails to pay any claim, lien or encumbrance which is tiuperior tu this Mortgage, or when due, ~ ~ any tax or assessment or insurance premium, or to keep the Mortgaged Property in repair, or shafl comm~t or permrt ~ waste, or if there be commenced any action or proceeding affecting the Mortgaged Property or the tiUe thereto, or the ~ f interest of Mong~gee therein, including, but not limited to, eminent domain and bankr~ptcy or reorganization proczed- ~ ~ngs, then Mortgagee, at its option, may pay sai:i claim, lien, encumbranre, tax, assessment or premium, with right of ~ subrogat~on thereunder, may make such repairs and take such steps as it deems advisable to prevent or cure such waste, + ~ and may appear in any such action or pruceeding and retain counsel therein, and take such actiun therein as Mongagee 3 6 deems advisable, and for any of such purposes h1ortgagee may advance such sums of money, inclucling all costs, rea- j ~ .onable atrome fees and other items of ex n`e as it deems necessa h1~rt a ee shall be the sole ud e af the !e ali- ' a Y Pe rY R 8 J B 8" ~ ty, validity and priority of any such claim, lien, encumbrance, tax, assessment and premium and of the amount neces- tiary to be paid in Satisfaction thereof. Mortgagee shall not be held accountable for any delay in making any such pay- ~ ment, which delay may result in any additional interest, costs, charges, expenses or othen+~ise. s` ; 10. Mortgagor will pay to Mortgagee, immediately and without demand. all sums of money advanced by s Mortgagee to protect the securiry hereof pursuant to this Mortgage, including all costs, reasonable attorney's fees and € other items of expense, toge~her with interest on each such advancement at the h~ghest lawful rate of interest per annum ~ a g allowed by the law of the State of Florida, and all such sums•and inierest thereon shall be secured hereby. ' ? ; ~ i!. All sums of money secured hereby shaN be payable w ithout any relief w hatever frc~m am~ valuaUcm or ap- i ~ praisenent laws. ' ~ k ~ ~ I 2. If default be made in payrnent of any instalment of pnncipal o~ interest of the Note or any part thereof ; ~ when due, or in payment, when due, or any other sum secured hereby, or in performance of any of Mortgagor's obliga- ' k ~ tions, covenants or agreements hereunder, all of the indebtedness secured hereby shalt become and be immediateiy due ~ and payable at the option of Mortgagee, without notice or demand which are hereby expressly waived, in which event , ~ Mortgagee may avail itself of all rights and remedies, at law ar in equity, and this Mortgage may be foreclosed with all I E rights and remedies afforded by the laws of Florida and Mortgagor shall pay all costs, charges and expenses thereof, in- ~i cluding a reas~nable attorney's fee, including all such costs, expenses and attorney's fees, for any retrial, rehearing or ' appeals. The indebtodness socured hercby shall bear interest at the highest lawfui rate of interest per annum allowed by ~ the law of the State of Florida from and after the date of any such default of Mortgagor. If the Note provides for instal- ment payments, the Mortgagee may, at its option, collect a late charge as may be provided for in the Note, to reimburse the Mortgagee for expenses in collecting and servicing such instalment payments. ; I 3. If default be made in payment, when due, of any indebtedness secured hereby, or in performance of any o( = h'iortgagor's obligations, covenants or agreement hereunder: ~ (a) Mortgagee i~ authorized at an~ hme, without notice, in its sole discretion to enter upon and take pos- ~ session of the Mongaged Property or any part thereof, ro perform any acts Mortgagee deems necessary or proper ?.o con- ~ serve the security and to collect and receive all rents, issues and profits thereof, including those past due as wel! as those ~ accruing thereaRer; and ~ (b) Mortgagee shall be endtled, as a matter of strict right, without notice and exparte, and without re- gard to the value or occupancy of the secunty, or the solvency of Mortgagor, or tht adequacy of the Mortgaged Property ~ ~ BORKU7~ F~GE~~CQ ~ - - J~,, - ~ ~ ~ - _